The manual “Don’t Invest in Bitcoin, Cryptocurrencies, NFTs, the Metaverse, and Web 3, Without This Book: A Guide to Future Investing” by Jaygucc was published for the first time in 2022.
The evolution of the web allows for much greater interactions than in the past with significant influences in various fields. With regard to economy and financial services, tools evolved that led to the birth of a market parallel to the classic one which in recent years has grown enormously, offering many opportunities but also risks. Cryptocurrencies, NFTs, and other tools are increasingly used and could become even more important in projects connected to the Metaverse.
Honestly, I tend to ignore books with titles that sound like advertising slogans like “Don’t Invest in Bitcoin, Cryptocurrencies, NFTs, the Metaverse, and Web 3, Without This Book: A Guide to Future Investing”. However, in this case, I happened to read positive comments that convinced me to give it a chance.
Investing in Bitcoin or other cryptocurrencies offers several possibilities to obtain good profits but you need to know what you’re doing otherwise, it’s very easy to lose your money. As in all financial activities, researching and learning how to use the necessary tools is essential. There are people who consider it wasted time but it’s much better than learning only from the losses suffered due to our ignorance.
The author begins his book with a history of the web and of the technologies that added more and more potential to it, which made it possible to offer increasingly varied services. The history of cryptocurrencies is linked to the evolution of the web and is the reason why they’re explained together.
Having the basics regarding the technologies used, it’s possible to start understanding how cryptocurrencies work. The author mentions Bitcoin starting with the book’s title because it’s the cryptocurrency that started the revolution and the name is now known even to people who don’t want to enter this world. However, today there’s a huge amount of cryptocurrencies that were created for very different reasons.
The author focuses on a few cryptocurrencies to illustrate the various uses and possibilities they open up. It’s a starting point of a cognitive path that can continue for a very long time and must go beyond the information written in this manual. For example, Tron isn’t mentioned, born to create a cryptocurrency with the merits of Ethereum but without its flaws. Probably, this choice is due to the fact that Tron is known among the people who have some experience in this field but little or not at all by other people.
Cryptocurrencies are the main theme of this manual but various chapters concern tools and trends that could become increasingly important in the future. There’s a lot of talk about NFT, which some see as a fad while others see it as a significant part of the future economy. There’s the Metaverse, a virtual universe that is talked about a lot but which is still to be built.
The simple language makes this manual easy to understand. The various chapters offer a clear introduction to the concepts offering a nice help to the people who are trying to enter a world full of lights and shadows. The author also provides some useful warnings to avoid certain types of scams, which in general are based on old tricks adapted to the world of cryptocurrencies.
In general, you need to be cautious in investing knowing that there are always risks and that’s even more true in the field of cryptocurrencies. Learning to use the tools available is crucial to maximizing profits and limiting risks and in my opinion “Don’t Invest in Bitcoin, Cryptocurrencies, NFTs, the Metaverse, and Web 3, Without This Book: A Guide to Future Investing” represents a good introduction to this world.
